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The decision not to renew Uber’s licence to operate in London has given rival apps a boost, research suggests.
In the 48 hours following the decision, Addison Lee, Gett and MyTaxi all saw a spike in downloads, according to analytics company App Annie. All saw thousands more downloads than usual, despite Uber continuing to operate in London as usual while it appeals the licence decision. The rival apps remain dwarfed by Uber, which was still downloaded the most.
UK must deal with its debts, May to say
Theresa May is set to restate her determination to be tough on public spending despite political pressure to ease up on austerity. “Continuing to deal with our debts,” is the way to strengthen the economy, the prime minister will insist on Thursday. Her speech at the Bank of England is timed to mark 20 years of political independence for the central bank. It comes a day after Labour leader Jeremy Corbyn pledged to “repair the damage done by austerity”.
UK must make ‘moral case’ for free trade outside EU
The UK has a vital role to play in making the “moral case” for global free trade as it leaves the EU, a trio of cabinet ministers have said. Liam Fox, Boris Johnson and Priti Patel argued open markets are the best vehicle for reducing poverty and aiding prosperity at an event in London. Free of the “constraints” of the EU, the UK must be an “agitator” for free trade, the foreign secretary said. Meanwhile an ex-Tory leader has warned the UK must prepare for no Brexit deal. Critics say failure to do a Brexit deal could result in new trade barriers but Iain Duncan Smith said the EU must agree to open trade discussions by December or the UK should make arrangements to leave without a deal.
UK car production falls in August on weak domestic demand
British car production fell in August as weak demand at home and a decline in exports dragged down output. The number of cars that rolled off UK lines fell 5.2 per cent to 103,232 vehicles, according to figures released on Thursday from the Society of Motor Manufacturers and Traders. It comes after a 7.8 per cent rise in July, a month where several manufacturers began producing new models. But overall production for the year so far is down 1.9 per cent to 1,106,285 after the August dip, the SMMT said.
EU fines VW’s Scania €880m over truck cartel claims
Brussels fined Scania €880m, saying it had participated in a 14-year long cartel to fix prices and pass on the costs of new emissions-reducing technology. Five other truck companies settled in July last year for a record €2.9bn cartel fine, but Scania, which is owned by VW, denies any wrongdoing and says it will appeal the EU’s decision. The EU alleges that the companies colluded from January 1997 through January 2011 to coordinate prices and timing of the new emission-reducing technology of medium and heavy trucks.
UK retail sales growth climbs to two-year high: CBI says
British retail sales growth unexpectedly surged to a two-year high in early September, industry data showed, boosting the chances of a pick-up in the pace of economic growth and a Bank of England interest rate rise in November. The Confederation of British Industry’s retail sales balance jumped to +42 from -10 in August, the highest in two years and far above all forecasts in a Reuters poll of economists. British consumers have been squeezed by higher inflation caused in large part by the plunge in the pound after last year’s Brexit vote. The Bank of England said this month there were signs consumer demand might be picking up, helped by record-high employment, though it was too soon to tell if this would offset weak business investment.
China sets 2019 deadline for automakers to meet green-car sales targets
China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. Car makers will need so called new-energy vehicles (NEVs) to hit a threshold equivalent to 10 percent of annual sales by 2019, China’s industry ministry said in a statement on Thursday. That level would rise to 12 percent for 2020. The targets, announced by the Ministry of Industry and Information Technology (MIIT), remove an explicit 8 percent quota for 2018, but otherwise match previously announced plans. The quotas are a key part of a drive by China, the world’s largest auto market, to develop its own NEV market, with a long-term aim to ban the production and sale of cars that use traditional fuels announced earlier this month.
Public charging points for electric cars are too slow or broken, says RAC
Expansion of the use of electric cars is being undermined by the lack of adequate public charging points. A study published today found that too many battery chargers were slow or failed to work at all, with about one in eight broken at any one time. The research by the RAC Foundation says there is a danger of electric car owners suffering the equivalent of “bed blocking in the NHS”, having to queue for long periods to charge their vehicle. The study claims that Britain is lagging far behind other European countries such as the Netherlands where rapid off-street charging points are common.
Male drivers pay 25% more than women for car insurance despite EU rules banning setting premiums on gender says study that found average extra cost for men is £170
Men are paying more than 26 per cent more for car insurance than women despite an EU ban on premiums being determined by gender. Researchers discovered that men in Britain are paying around £170 more than females, because insurers are relying on statistics that males are more likely to be involved in an accident. This was the case even if the motorist was a safe driver and shows that the EU ban in 2012 has not affected pricing in the UK.